Question 8
Our company was unable to repay $2,000,000 it owed to its creditors. Our creditors
agreed to accept 20,000 shares of our common stock to settle the debt. On the
statement of cash flows, this is an example of:
O cash flows from operating activities
O cash flows from investing activities
O cash flows from financing activities
O non-cash investing and financing activity
4 pts
Question 9
4 pts
